On December 21, two men kneel near the Bund Bull statue in Shanghai.
Photographer: Qilai Shen / Bloomberg
Photographer: Qilai Shen / Bloomberg
According to the Center for Economics and Business Research, the Chinese economy outperforms the United States faster than expected after overcoming the coronavirus pandemic better than the West.
The world’s largest and largest economies are trading places in dollars by 2028, five years earlier than expected a year ago, it said Saturday.
At its World Economic League table, the consultancy also estimated that China could become a high-income economy as soon as 2023. In addition to consolidating Asia’s growing power, India will increase its ranking to become -se in the economy no. the decade.
| Ranking (of 193 countries) | 2020 | 2030 | 2035 |
|---|---|---|---|
| WE | 1 | 2 | 2 |
| China | 2 | 1 | 1 |
| Japan | 3 | 4 | 4 |
| Germany | 4 | 5 | 5 |
| UK | 5 | 6 | 6 |
| India | 6 | 3 | 3 |
| France | 7 | 7 | 7 |
Chinese President Xi Jinping said last month that it was “completely possible” for his economy to double in size in 2035 under his government’s new five-year plan, which aims to achieve “modern socialism” in 15 years.
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China was the first economy to suffer a pandemic, but has recovered quickly, according to government data. According to the report, this should make Western economies pay much more attention to what is happening in Asia.
“We usually compare ourselves to other Western economies and lose what is often best practice, especially in the fast-growing economies in Asia,” he said.